Day: December 18, 2019

Ethereum Plunges 10% in 48 hours

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The price of Ethereum (ETH) dropped to $123 from $142 in the last 48 hours, which is more than a 10% drop against the dollar. At the start of the year, the coin was trading at $130 across all cryptocurrency exchanges. The latest drop leaves the coin in the net negative this year, in contrast to Bitcoin’s 70% performance in 2019. The worst part is that the coin is still 91% down from its record high of $1,450. The coin reached this peak during the initial coin offering (ICO) craze…

EOSIO Creator to Provide Over $1.5M via New EOSIO Grant Program

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Block.One, the firm behind EOS, the seventh-biggest cryptocurrency by market cap, has launched a new $1.5 million grant program to support the EOSIO development. EOS VC, the Block.One’s venture capital arm, plans to award grants worth $50,000 to each qualified project within its new funding initiative, the EOS VC Grants Program. According to an official announcement on Dec. 17, EOS VC will provide more than $1.5 million in grants to developers and supporters of the EOSIO platform. By launching the EOS VC Grants Program, Block.One apparently intends to attract more…

EOS Creator to Provide Over $1.5M via New EOSIO Grant Program

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Block.One, the firm behind EOS, the seventh-biggest cryptocurrency by market cap, has launched a new $1.5 million grant program to support the EOSIO development. EOS VC, the Block.One’s venture capital arm, plans to award grants worth $50,000 to each qualified project within its new funding initiative, the EOS VC Grants Program. According to an official announcement on Dec. 17, EOS VC will provide more than $1.5 million in grants to developers and supporters of the EOSIO platform. By launching the EOS VC Grants Program, Block.One apparently intends to attract more…

It’s Not Just the Money, It’s the People in Bitcoin: Anil Lulla

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Anil Lulla is a co-founder of Delphi Digital, a research and consulting boutique specializing in digital assets. Anil Lulla co-founded Delphi Digital in mid-2018 with four friends he met while working at Bloomberg and Deutsche Bank. Their idea: to provide credible, actionable research for an industry populated by noisy clout-chasers and ensnaring scammers.  “When I left my job, my managing director literally didn’t understand…

Price Analysis Dec 18: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM

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Bitcoin’s bounce off the $6.4K support is a positive sign as it shows that stronger hands are not dumping their positions yet. The crypto markets are currently held tight in the grasp of the bears. At the moment, there does not seem to be any specific news or event that has triggered the strong decline but one possibility is that some short-term investors who had been holding on to their positions in hopes of a rally are dumping at the current prices. The announcement of the first phase of a…

Alchemy Publicly Launches Its Blockchain API After Raising $15 Million

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San Francisco-based blockchain firm Alchemy announced the launch of its public application programming interface (API) after having raised $15 million in its Series A funding round. According to a press release published by the firm on Dec. 17, Alchemy’s platform allows enterprises to build blockchain-based applications. The $15 million funding round was reportedly led by Pantera Capital and has seen participation from the Stanford University — as Cointelegraph reported yesterday — crypto exchange Coinbas, tech giant Samsung, Alphabet chairman John Hennessy, LinkedIn founder Reid Hoffman, Yahoo founder Jerry Yang. The…

PlusToken Scam Triggered the Bitcoin Bear Trend, But It’s Not the Sole Factor

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The PlusToken Ponzi scheme has and continues to impact the price of Bitcoin as funds are liquidated via OTC brokers, but half the problem facing the BTC market is a lack of buying demand according to analyst Alex Krüger.  PlusToken Dump PlusToken promised its “investors” monthly returns of anywhere from 10 to 30 percent in its eponymous token (PLUS), which traded on such popular exchanges as Huobi and Bithumb. This attracted more than 200,000 Bitcoin, 789,000 ether, and 26 million EOS, as reported by Chainalysis. While six individuals connected to…

SEC Proposal Would Broaden ‘Accredited Investor’ Definition

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The U.S. Securities and Exchange Commission (SEC) wants to allow more individuals and entities to invest in regulated financial instruments. According to a press release issued Wednesday, the SEC intends to add a list of new qualifications to become an accredited investor. At present, accredited investors are defined as individuals with more than $1 million in net worth (or who earn more than $200,000 per year), an organization with more than $5 million in assets, banks and institutions which meet certain legal definitions or entities that match certain other restricted…

Gaming Is Key to the Mass Adoption of Crypto

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A whole new exciting world of value is being coded into life right now by gamers. While it may be a far cry from the lofty ideals of banking the unbanked and taking down the global banking system, gaming is gearing up to be a massive force in the crypto space. Addictively fun games will draw a whole new base of users into the crypto economy. Gamers are an excellent target market for adoption because many gamers are a touch more tech savvy than the average internet user and tend…

Experts Claim Allegations on MakerDao Vulnerabilities Are Substantial

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At the start of December, the Maker Foundation hosted a number of governance polls on its website to ease rising concerns following allegations put forth by developer Micah Zoltu in regards to how hackers with enough financial resources could potentially carry out an attack on the MakerDAO network and steal close to $340 million. As part of the initiative, the foundation’s interim risk team asked their global community of users if they should upgrade the platform’s native Governance Security Module from 0 seconds to 24 hours. In its essence, the…